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and the pentagon budget, plus a minimum 30% tax on million- dollar incomes. republicans are expected to oppose the measure because of the tax increase. house speaker john boehner said the burden is on president obama to break the deadlock. >> the sequester, i don't like it and no one should like it, but the sequester is there because the president insisted that it be there. where is the president's plan to replace the sequester that he insisted upon? >> sreenivasan: white house officials warned that letting the across-the-board cuts take effect would be disastrous. for his part, the president traveled to decatur, georgia, selling his plan to make pre- school available to all four- year-olds. standing before a group of teachers, he joked that what works with pre-schoolers might work with congress. >> maybe we need to bring the teachers up... ( laughter ) you know, every once in a while have some quiet time. time out. ( laughter ) >> sreenivasan: if the sequester takes effect, it will mean $85 billion in spending reductions over the next seven months shared equally between defense and domestic p
Search Results 0 to 5 of about 6 (some duplicates have been removed)